Global Refrigerated Trailer Market to Expand at 4.40% CAGR till 2021, Propelled by Rising Demand for Efficient Refrigerated Transportation

Globally, refrigerated trailers are manufactured in two temperature ranges, namely positive temperature range and negative temperature range. Positive temperature range refrigerated trailers are primarily used for carrying chilled products. Negative temperature range refrigerated trailers are used for carrying frozen foods. Various types of refrigerated trailers are manufactured by the leading players based on parameters such as length, pallet capacity, number of decks, and load capacity.

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Schmitz Cargobull AG was recently honored with the ‘Best Refrigerated Trailers’ award at the TCS&D Awards in UK for its new S.KO COOL Executive refrigerated trailer. The mono-temp reefer was launched in the U.K. market in 2014. Currently, there are more than 2,000 units of the mono-temp reefer operating across Europe. According to the judging panel of experts in the temperature controlled storage and distribution sector, the mono-temp reefer was declared as the Britain’s best refrigerated trailer due to its advanced features and price. Schmitz Cargobull achieved this award because they were able to manufacture a new refrigerated trailer that offers high payload capacity for operators and high build quality, according to the judging panel.

Derek Skinner, the technical director at Schmitz Cargobull AG, said that introduction of the S.KO COOL executive refrigerated trailer is a game changer and offers value for money and reliability. With the S.KO COOL executive refrigerated trailer, Schmitz Cargobull is set to raise the standards of refrigerated trailers. The trailer offers an impressive cooling system, high performance, fuel efficiency, and low running cost. At the TCS&D show, Schmitz Cargobull AG also introduced another trailer, which is a multi-temp version.

Chilled Refrigerated Trailer Sector to Dominate Global Market

The global refrigerated trailer market is expected to expand at a 4.40% CAGR during the period from 2015 to 2021. The global refrigerated trailer market is segmented on the basis of end use, product type, and geography. Based on product type, the global refrigerated trailer market is classified into chilled and frozen refrigerated trailers. In 2014, the chilled refrigerated trailer sector accounted for a 61.3% market share. By end use, the global refrigerated trailer market is divided into fruits and vegetables, dairy, meat and seafood, and others. In 2014, the meat and seafood sector dominated the global refrigerated trailer market, accounting for a 31.7% market share. This sector is predicted to expand rapidly by 2021 due to growing demand for packaged seafood and meat.

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With 30% Market Share in 2014, North America to Lead till 2021

By geography, the global refrigerated trailer market is classified into North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific. In 2014, the North America refrigerated trailer market accounted for over 30% of the market, followed by Europe, which held a 27% market share. The Asia Pacific refrigerated trailers market is expected to be the fastest developing market during the forecast period. Some of the leading players in the global refrigerated trailer market are Wabash National Commercial Trailer Products, Utility Trailer Manufacturing Company, Fahrzeugwerk Bernard KRONE GmbH, Lamberet Refrigerated SAS, Gray & Adams Ltd., Randon Implementos, Great Dane Trailers, Inc., Schmitz Cargobull AG, Kögel Trailer GmbH & Co. KG, and Montracon Ltd.


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